Correct Option: C

Large quantity of imports of India comes from OPEC countries like Saudi Arabia, Iran, Brazil, etc. Normally, this group accounts for more than 25 per cent of India's imports. As per the Economic Survey 2011-2012, United Arab Emirates and Saudi Arabia were the major exporters to India. India's foreign trade with developing countries has been on the rise. Share of these countries in India's import trade has increased to over 31 per cent.